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Not Updated since 3/9/2010 5/9/2010  
 
002145.SZ
CNNC HUA YUAN ORD A (Shenzhen)
Daily Commentary

Our system posted a BUY-IF today. The previous SELL recommendation was issued on 09.01.2010 (2) days ago, when the price was 8.4200. Since then 002145.SZ has gained 0.24% .

The BUY-IF alert is still valid. A confirmation today however is denied. The pattern is not rejected yet since the day was not a long black candlestick one. The market is currently testing your patience. Continue to do your homework by digesting all available information around.

The final judgment about the evolving pattern waits the next session. Either the alert will be confirmed by one of the valid confirmation criteria or the bullish alert will be void and null. It will also be seen if we erred slightly in our previous SELL signal. A confirmation in the next session will show that we have underestimated the bullish power of the market.

It is still your duty to check the confirmation criteria when the next session opens. Reminding briefly, a white candlestick with an upward gap, a white candlestick closing above previous close and a long white candlestick with a big downward gap is sufficient to confirm the BUY- IF alert though with a one day delay. Go long in any of these cases by respecting the benchmarks. In any other case, simply ignore the BUY-IF alert. The next session is the last chance we allow for confirmation. A confirmation failure renders the assumed bullish pattern totally invalid and starts the process of searching for a new pattern.

Do not consider any new short positions given the bullish alert and the recent bullish momentum. The short sellers must cover their positions to prevent further losses, if the market confirms the BUY-IF signal.

 
BUY-IF
8.4400
-0.0400 -0.47%
Candlestick Analysis
Today’s Candlestick Patterns:
White Spinning Top
Candlestick Pattern

Today a White Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.


 
 
Stock Quote
Day's Close 8.4400
Previous Close 8.4800
Previous Open 8.2200
Change -0.0400
% Change -0.47%
Volume 32,369
 
Stock Activity
Day's Open 8.4000
Day's High 8.4900
Day's Low 8.3000
20-Day Close M.A. 8.0665
50-Day Close M.A. 7.7438
65-Day Volume M.A. 24,883
 

Two-Year Signal History
Date          Price   Signal CNY 100
Became
01.09.10 8.420    Sell 1,110
25.08.10 7.900    Buy 1,041
20.08.10 8.020    Sell 1,041
16.08.10 7.800    Buy 1,013
12.08.10 7.750    Sell 1,013
09.08.10 8.010    Buy 1,047
03.08.10 8.180    Sell 1,047
07.07.10 6.970    Buy 892
29.06.10 8.140    Sell 892
22.06.10 8.220    Buy 901
09.06.10 8.900    Sell 901
04.06.10 8.060    Buy 816
18.05.10 8.700    Sell 816
15.04.10 9.240    Buy 866
13.04.10 9.400    Sell 866
30.03.10 9.320    Buy 859
23.03.10 9.170    Sell 859
09.03.10 8.990    Buy 842
04.03.10 9.460    Sell 842
03.02.10 8.420    Buy 750
27.01.10 8.500    Sell 750
25.01.10 8.720    Buy 769
20.01.10 9.570    Sell 769
13.01.10 9.380    Buy 754
31.12.09 10.500    Sell 754
02.11.09 7.040    Buy 505
27.10.09 7.610    Sell 505
19.10.09 7.450    Buy 495
14.10.09 7.450    Sell 495
28.09.09 7.010    Buy 465
18.09.09 7.590    Sell 465
16.09.09 7.310    Buy 448
10.09.09 6.890    Sell 448
27.08.09 6.730    Buy 438
15.07.09 9.130    Sell 438
09.07.09 8.770    Buy 421
03.07.09 9.040    Sell 421
24.06.09 8.730    Buy 406
22.06.09 9.010    Sell 406
22.05.09 7.320    Buy 330
19.05.09 7.750    Sell 330
10.04.09 6.420    Buy 273
02.04.09 7.030    Sell 273
11.03.09 5.700    Buy 222
09.03.09 5.790    Sell 222
03.03.09 5.600    Buy 214
25.02.09 6.280    Sell 214
20.02.09 6.460    Buy 221
12.02.09 6.680    Sell 221
03.02.09 5.640    Buy 186
22.01.09 5.670    Sell 186
20.01.09 5.840    Buy 192
08.01.09 4.980    Sell 192
30.12.08 4.400    Buy 169
25.12.08 4.700    Sell 169
10.11.08 2.750    Buy 99
03.11.08 2.810    Sell 99
30.10.08 2.950    Buy 104
22.10.08 3.300    Sell 104
20.10.08 3.320    Buy 105
03.09.08 8.000    Sell 105
20.08.08 7.640    Buy 100
 
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